The dollar bonds, which fell on the previous day, go up in the local square. The low variable income after a very positive wheel records slight earnings.
He S&P Merval Go up while the market puts the focus on Bonds in dollars waiting for signals that contract the country riskwhich would allow government access to the foreign debt market. While in the local square the evolution of the futures of the dollar and the peso market after the enormous rise of rates achieved by the “desprolija” exit of the Lefis.
Thus, the S&P Merval progress slightly 0.1% to 2,083,598,650 and in that framework the actions that most advance are Black Loma (+2.7% and Passener (+1.7%)
Turbulence in rates: how long?
After the turbulent days of Monday and Tuesday, where the Internal annual return rate (Tirea) that validated the Treasure reached 45% and Stock sacks They flew up to 80% TNA, the economist Gustavo Ber He stressed that short -term rates begin to give “some signals of greater calm” from betting of operators for pesos in pesos and arbitrations against the future dollar.
In that sense, he assured that the important expansion of yields, and possible windows for the Carry Trade, could contribute to a “normalization” after the volatility that was accentuated by the effect of the Lefis and before the usual demand for dollarization in times of elections. In turn, he stressed that the bouncing of the S&P Merval occurs despite the fact that “greater prudence among the operators waiting for catalysts” prevails.
In this regard, the IEB group salts, Nicolás Cappellahe said in his X account that Wednesday’s wheel was “quieter”, since the market would seem to be finding the level of liquidity necessary to work, with the rate of the cion ending around 37%, after the Government confirmed that it did not intervene on Tuesday in the Lecaps market or in the caution.
Source: Ambito
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